Iran President Mahmoud Ahmadinejad announced he will auction this 1977 Peugeot 504, supposedly one of his few material possessions, to benefit Iran's public housing. It's unclear how many families Ahmadinejad expects to live inside. (H/T to Grolar!) [Kodoom.com]

Home to a disputed election, 70 million people and twice as many barrels of cheap oil, Iran has cars aplenty. Meet Paykans, Miniators and Italian exotica—plus the gutsy female drivers of the Islamic Republic.